Polish 10Y Bond Yield May Temporarily Drop Toward 3.40%: PKO BP
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PKO PW (Powszechna Kasa Oszczednosci Bank Polski SA)
People
Miroslaw Budzicki (Powszechna Kasa Oszczednosci Bank Polski SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Central bank will likely keep dovish stance and suggestion that rates could stay on hold through 2018 after surprisingly benign March inflation, PKO analysts Miroslaw Budzicki and Arkadiusz Trzciolek say in Monday note.
- NOTE: Polish 10-year bond yield falls 4bps to 3.45%, a level last seen in December, after sliding 32bps in March, largest monthly drop since July 2015
- NOTE: Polish central bank starts 2-day meeting on Tuesday, with no change in rates expected
- PKO expects Finance Ministry to place full offer, seen at 3b-5b zloty, at April 6 bond auction, following improvement in appetite toward emerging markets
- Sees EUR/PLN rising to 4.25 in “next few days,” after zloty rose 4.1% in 1Q, the largest quarterly gain in 2 years
- Zloty currently trading -0.3% at 4.2451 per euro at 3:23pm in Warsaw; it rose as much as 0.3% earlier
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PKO PW (Powszechna Kasa Oszczednosci Bank Polski SA)
People
Miroslaw Budzicki (Powszechna Kasa Oszczednosci Bank Polski SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283